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Property
Tullett Prebon’s Property Derivatives desk was established in 2005 and spans the European, Asia-Pacific and North American markets with desks in London, Singapore and New York.
Property derivatives successfully provide a liquid and accessible means by which investors can gain exposure and manage portfolio risk in the international, regional and sector specific property markets. Relative to physical property, derivatives have negligible transactional costs and trades are executed with no time delay.
Contracts are index based, with prices quoted in both residential and commercial real estate. In the UK during 2008, despite the turmoil in the physical property market, trading volumes exceeded those in 2007, with over £7.5bn of transactions recorded on the UK IPD All Property index alone, up from £850m in 2005 (source IPD). Deals across Europe, the US and Asia have also been executed, as have office, retail and industrial sector trades.
Our monthly market overview can be accessed via the link below, and indicative prices are available on Reuters and Bloomberg .
For further information, please contact your relevant regional desk.
Property Derivatives Monthly Overview
Property Derivatives North America
